OREANDA-NEWS. June 09, 2008. Erste Bank, the majority shareholder of the BCR, intends to support BCR Chisinau SA, the subsidiary in the Republic of Moldova set up by the BCR in October 1998. “We have no intention of selling the bank, but will try to boost turnover”, says Andreas Treichl, CEO of  Erste Bank, reported the press-centre of BCR.

At the end of last year, BCR Chisinau SA reported net profit worth around 4.5 million euros, up 132% on 2006, and assets worth over 88 millions euros, up 77% on the previous year. The bank increased its market share by 1%, from 3,58% to 4,57%, although it has just one branch, two offices, two exchange offices and six ATMs. The ROE (return on equity) stood at 33,9% and the return on assets (ROA) at 5,89%.

“Although Republic of Moldova is a small size market, we have a profitable operation there and our intention is to stay on this market”, says Ionut Stanimir, the speaker of Erste Bank for Romania.